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| New Zealand's Prime Minister John Key (R) inspects guard of honour with Chinese Premier Li Keqiang during a welcome ceremony outside the Great Hall of the People in Beijing, April 10, 2013. [Photo/Xinhua] |
Ties: Growth in economy brings more opportunities
The New Zealand Overseas Investment Office said on Wednesday that it had approved applications from Chinese dairy firms Yashili New Zealand Dairy and Inner Mongolia Yili Industrial Group to buy land to build the two formula processing plants, valued at more than NZ$200 million ($168.43 million) each. The green light paves the way for Chinese companies to expand into the world's largest dairy exporting country.
"China's increasing domestic consumption means opportunities for New Zealand businesses," Huo said.
Xi said during his keynote speech at the recent Boao Forum for Asia Annual Conference 2013 that the growing Chinese economy generates business opportunities for Asia and the world, and China's economic growth could be sustained as the nation expands domestic consumption and enhances its presence abroad.
Telecom New Zealand said this week that China's Huawei Technologies, the world's second-largest telecom equipment maker, has won a contract to build the 4G mobile network infrastructure for the biggest telecom company in New Zealand.
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